On the upside, the level of 11,240 is likely to act as a stiff resistance and on the downside, the level of 11,103 may act as a support. Stocks in news: Sun Pharmaceutical, Majesco, PNC Infratech, Kingfa Science & Technology, Voltas, Lupin.

The stock of Orissa Minerals Development Company (OMDC) Limited has given a symmetrical triangle breakout on the daily timeframe. This breakout was confirmed by the above 50-day average volume.

With this triangle breakout, the ADX, which shows the strength of the trend, turned upside and moved above the -DI. Additionally, the stock has formed an opening bullish Marubozu candlestick pattern on the breakout day, which indicates an extreme bullishness. Interestingly, the daily RSI has given downward sloping trendline breakout, which is also a bullish sign.

SEBI circular, which aims to enhance the transparency in debt mutual funds, is out now.

A leading global information technology, consulting & business process services company, Wipro, announced that it is planning to launch its 5G edge services solutions suite soon. 

Net interest income (NII) stood at Rs 487.8 crore in Q1FY21, which declined by 22 per cent YoY, as against Rs 625.5 crore in Q1FY20. 

After a day's skip, domestic benchmark indices ended on a positive note on Thursday, with Sensex gaining by 268.95 points or 0.71 per cent to settle at 38,140.47, near to the day's high of 38,225.03. Nifty rose by 82.85 points or 0.74 per cent to end at 11,215.45, close to its day's high of 11,239.80.

The consolidated net sales reported in Q1FY21 came in at Rs 411.49 crore, which declined by 18.42 per cent YoY from Rs 504.39 crore in Q1FY20. 

A swiss-Swedish multinational corporation, ABB, will deliver the largest automation projects in the Indian agrochemical industry for Deccan Fine Chemicals, a leading chemical manufacturer in India.

In the recently reported financial numbers of Q4FY20, it reported a profit of Rs 16.78 crore, which is the first time since the September quarter in 2015. The bank has shown signs of improvements in FY20.